Margate, FL 33063,309 N State 7 RD
Margate, FL 33063,309 N State 7 RD
Margate, FL 33063,309 N State 7 RD
Margate, FL 33063,309 N State 7 RD
Margate, FL 33063,309 N State 7 RD
Margate, FL 33063,309 N State 7 RD
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Listed by Nugget Realty
Bought with Nugget Realty

$945,000

$990,000

4.5%
Est.Price: ?

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Est. payment /mo

2 Baths

0.41 Acres Lot


SOLD DATE : 09/26/2024

Key Details

Sold Price $945,000

Property Type Commercial

Sub Type Restaurant/Entertainment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID RX-10926565

Sold Date 09/26/24

Year Built 1977

Annual Tax Amount $13,600

Tax Year 2022

Lot Size 0.410 Acres

Property Description

New to market, this freestanding established prime building is located just two blocks South of one of the busiest intersections in Broward County with a 115,000 daily car count. The retail building is configured as a restaurant with a proven revenue stream that has been established since 1978 with a loyal customer base and prime location. The lot is 100'X179 and is easily accessible off 441-St.Rd.7 and has ample parking for 26 cars. The restaurant has a seating capacity of 65 and comes with all equipment. The current tenant has a 10 year lease with two five year options and yearly 3% rent increases. The building is ADA compliant and the roof was recently siliconized and the parking lot blacktopped. Seller open to financing.Seller is licensed real estate agent.

Location

State FL

County Broward

Area 3632

Zoning TOC-C

Interior

Heating Central

Cooling Central

Flooring Ceramic Tile

Fireplaces Type Smoke Detector

Exterior

Utilities Available Gas Natural, Public Sewer, Public Water

Waterfront No

Roof Type Comp Rolled,Flat Tile

Building

Story 100.00

Foundation CBS, Concrete

Others

Acceptable Financing Cash, Owner 2nd

Listing Terms Cash, Owner 2nd

Financing Cash,Owner 2nd

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